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Thursday, 3 June 1999
Page: 5935

Mr SLIPPER (9:34 AM) —I move:

That the bill be now read a second time.

This bill is the second in the package ensuring that goods that enter into what is known as an MIB warehouse and are subsequently exported do not pay fees and charges otherwise payable to Customs for processing entries.

The bill imposes a charge for processing entries made for goods that move from an MIB warehouse into Australian commerce.

This means these goods have to pay the same fees and charges as goods imported into Australia through a general warehouse have to, as well as, of course, the relevant customs duty and sales tax ordinarily payable on imported goods.

However, goods exported from an MIB warehouse do not have to pay these charges.

Whilst keeping the maximum amount payable for processing various types of entries in the act itself, the amendments proposed in this bill will also allow the regulations to make changes to Customs fees and costs structure so it can provide flexibility in meeting emerging industry requirements.

This flexibility will remove the rigidity in the current structure and enable cost recovery charges to be adapted more easily in the future to meet government initiatives and other changed circumstances.

The changes contained in the bill are to commence from 29 April 1999, the date the government announced this initiative.

I present the explanatory memorandum to this bill.

Debate (on motion by Mr Melham) adjourned.